Polar Power Announces Two New Board Appointments
Rhea-AI Summary
Polar Power (NASDAQ: POLA) announced the appointment of Jim Ahern and Menachem “Menny” Shalom to its Board of Directors, effective August 18, 2026. The move is part of an initiative to enhance Board expertise in corporate governance, manufacturing, defense markets, technology and strategic growth.
Ahern is an instructor and executive educator at Arizona State University’s W. P. Carey School of Business, with over 40 years of global corporate leadership and consulting experience. Shalom is CEO of T3 Defense, bringing defense applications, advanced technologies, manufacturing and business development experience, supported by law, accounting, banking and finance degrees. According to Polar Power, the strengthened Board is intended to support its strategy of expanding defense opportunities, diversifying customers, improving operating efficiencies and evaluating strategic options to enhance long-term shareholder value.
Positive
- None.
Negative
- None.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Aug 12 | revenue expansion | Positive | +2.8% | Pacific Islands revenue and backlog highlighted repeat orders across off-grid power markets. |
| Aug 11 | purchase orders | Positive | +2.9% | Additional Solomon Islands orders expanded telecom solar-hybrid deployments for broadband infrastructure. |
| Jul 27 | equity financing | Negative | +12.2% | Committed equity facility allowed stock issuance but introduced potential dilution. |
| Jun 02 | Q1 performance | Positive | +3.0% | Improved quarterly profitability, equity, working capital, and backlog were reported. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent operating and order announcements were followed by positive reactions, while financing news showed a positive price response despite dilution-related terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
New Directors Bring Extensive Corporate Leadership, Defense, Technology and Sales / Distribution Experience
GARDENA, Calif., Aug. 18, 2026 (GLOBE NEWSWIRE) -- Polar Power, Inc. (NASDAQ: POLA), a global provider of power and energy solutions for defense, telecommunications, data center and other critical infrastructure applications, today announced the appointment of Jim Ahern and Menachem “Menny” Shalom to its Board of Directors.
The appointments are part of Polar Power’s ongoing initiative to strengthen its Board with additional experience in corporate governance, manufacturing, defense markets and strategic growth.
Jim Ahern is an instructor and executive educator at the W. P. Carey School of Business within Arizona State University (ASU). He teaches in the Department of Management and Entrepreneurship, leveraging over 40 years of global corporate leadership and executive consulting experience.
Menachem “Menny” Shalom is Chief Executive Officer of T3 Defense and brings experience in defense applications, advanced technologies, manufacturing and business development within the defense sector. He holds a Bachelor's degree in Law and Accounting alongside a Master's degree in Banking and Finance.
Arthur Sams, Chairman and CEO of Polar Power, stated:
“Jim and Menny bring highly complementary experience to Polar Power at an important point in the Company’s evolution. As we expand through continued customer diversification by increasing our military sales, broaden our product offering and continue executing our restructuring strategy, their experience and relationships should provide meaningful additional perspective to our Board.”
The Company believes the strengthened Board will support Polar Power’s strategy of pursuing new defense opportunities, expanding its domestic and international presence, improving operating efficiencies and evaluating strategic opportunities intended to enhance long-term shareholder value.
About Polar Power, Inc.
Polar Power, Inc. (NASDAQ: POLA) designs, manufactures and sells power and energy systems for applications including telecommunications, defense, data centers and other critical infrastructure markets.
Forward-Looking Statements
This press release contains forward-looking statements regarding operating trajectory, order fulfillment, delivery timing, deployment, market opportunity, liquidity, financing plans, ability to continue as a going concern, Nasdaq compliance, and strategic priorities. These statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially, including substantial doubt about the Company’s ability to continue as a going concern, limited cash and liquidity, delisting risk, customer and supplier concentration, order fulfillment and production risks, supply-chain and shipping delays, customer acceptance risks, potential lender or landlord remedies, and other risk factors described in the Company’s Form 10-K for the year ended December 31, 2025 and Form 10-Q for the quarter ended March 31, 2026. Forward-looking statements apply only as of the date hereof; the Company undertakes no obligation to update them except as required by law.
Media and Investor Relations
Polar Power, Inc.
249 E. Gardena Blvd.
Gardena, CA 90248
Tel: 310-830-9153
ir@polarpowerinc.com
www.polarpower.com
